Torex Gold Resources Inc
TXG
ISIN CA8910546032 / Valor 32925431
Torex Gold Resources Inc
UMushroom community rating:
About company
Torex Gold Resources Inc. is an intermediate Canadian gold producer focused on mining, developing, and exploring its wholly-owned Morelos Gold Property in Mexico. The company's principal asset, the Morelos Complex, includes the El Limón Guajes Mine Complex and a processing plant that began commercial production in 2016. Torex Gold is also advancing its Media Luna Project, an underground deposit containing gold, copper, and silver mineralization. The company is headquartered in Toronto, Ontario, and is listed on the Toronto Stock Exchange under the symbol TXG.
Summarized from source with an LLMView SourceSector: Non-Energy MaterialsLatest Results (07.08.2024):
Revenue Growth
Torex Gold Resources Inc. reported a revenue of $236.5 million for the first quarter of 2024, reflecting an increase from the $228.8 million reported in the same quarter of 2023. This growth in revenue is primarily attributed to higher metal sales during the period.
Net Income
For the first quarter of 2024, Torex Gold Resources Inc. achieved a net income of $43.1 million. This represents a decrease compared to the net income of $68.2 million in the first quarter of 2023. The decline in net income is due to various factors including increased production costs and other expenses.
Earnings Per Share
Torex Gold Resources Inc. reported basic and diluted earnings per share of $0.50 for the first quarter of 2024. This is a decrease from the basic and diluted earnings per share of $0.79 reported in the first quarter of 2023, reflecting the lower net income for the period.
Operating Cash Flow
In the first quarter of 2024, Torex Gold Resources Inc. generated $79.8 million in net cash from operating activities, compared to $47.0 million in the same quarter of 2023. The increase in operating cash flow is mainly due to favorable changes in non-cash operating working capital.
Capital Expenditures
Torex Gold Resources Inc. reported capital expenditures of $126.1 million for the first quarter of 2024, which includes additions to property, plant, and equipment. This is a significant increase from the $99.7 million spent in the first quarter of 2023, reflecting the company's ongoing investments in its operations and development projects.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1673 M
Market cap (USD)
47,440
Daily traded volume (Shares)
28.2 / 27.67
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
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EPS (USD)
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Ratings & reviews
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